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Rachel Reeves should avoid ‘half-baked’ tax fixes in Budget, says IFS
Michael Sheils McNameeBusiness reporter EPA Chancellor Rachel Reeves should avoid “directionless tinkering and half-baked fixes” when trying to boost the government’s tax take in next month’s Budget, a leading think tank has said. Taxes are widely expected to go up in the Budget, with pressure on the chancellor to raise money in order to meet…
Walmart chief Doug McMillon retiring after more than a decade
Walmart chief executive Doug McMillon will retire from his post in January, handing over the reins to a longtime deputy. The 59-year-old is stepping down after more than a decade at the helm of the world’s largest retailer, a period when it successfully expanded its online operations, while scaling back riskier international units. He will…
Renault’s UK customers told to be vigilant after cyber-attack
Renault’s UK customers are being warned to be vigilant after a company that looks after data for the carmaker was hacked. No customer financial data, such as passwords or bank account details, had been obtained, Renault said, but other personal data had been accessed from a third-party provider. The French-owned carmaker would not specify how…
South Korea: Online retail giant Coupang hit by massive data leak
Osmond ChiaBusiness reporter Getty Images E-commerce giant Coupang is often described as South Korea’s equivalent of Amazon.com South Korea’s largest online retailer, Coupang, has apologised for a massive data breach potentially involving nearly 34 million local customer accounts. The country’s internet authority said that it is investigating the breach and that details from the millions…
BTS: K-pop agency shares drop after comeback show turnout falls short
The free concert in Gwanghwamun Square in Seoul on Saturday saw all seven members – Jin, Suga, J-Hope, RM, Jimin, V, and Jung Kook – perform together for the first time since they went on hiatus in 2022, in order to enlist for mandatory military service.
Nature is not a blocker to housing growth, MPs find
Pritti Mistry,Business reporter and Marc Ashdown,Business correspondent Getty Images Nature is not a blocker to housing growth and the government risks missing both its housing and nature targets if it views it as one, a cross-party group of MPs has warned in a new report. The Planning and Infrastructure Bill overrides existing habitat protections, which…
